| RBI Guv cautions banks against excessive lending to infra sector |
 In view of the rising bad assets, RBI Governor Raghuram Rajan today cautioned the banking sector against excessive lending to the infrastructure sector. Addressing the 80th anniversary celebrations of RBI, Mr. Rajan said that infrastructure loans should not override the overall financial stability, which is key to national security. Rajan rather expressed the need for developing new sources of risk capital to finance the country’s infrastructure needs with moderate amount of debt. The non-performing assets - NPAs of banks stood at over Rs 3 lakh crore as on December 2014. |
US INVITE TO CM NARENDER MODI : JOLLY Ahmedabad, 28th March 2013 : Senior US Congressman visiting India & State of Gujarat today met Chief Minister Narendra Modi at his residence at Gandhi Nagar . US Congressman Mr Aaron Schock Leader of Delegation from State of Illinois along with Mrs. Cathy McMorris Rodgers from State of Washington and Mrs. Cynthia M. Lumis from the State of Wyoming along with a 7 member US business leaders delegation led by Chicago Punjabi NRI Mr Shalabh Kumar and BJP Overseas Affairs leader Mr Vijay Jolly attended the two and half hours long meeting. The US Congressman extended an invitation to Gujarat Chief Minister Mr Narendra Modi to visit United States of America soon. The C.M accepted their invite promptly and smilingly. The issue of visa was never discussed in the meeting. It is important to state that in recent years, this is the highest point of contact between the US elected...
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